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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: kingfisher who wrote (471)	8/27/2000 3:11:58 PM
From: Lorne Larson	Read Replies (2) of 11633

Primewest (PWI.UN) You will recall that we exchanged a few posts on the apparent CIBC Primewest/Reserve Royalty arbitrage. At that time PWI was trading at $7.80 to $8.00, and it was pretty apparent that it was only massive selling by CIBC that was keeping the price down, and that because of its 25% yield, it would start moving as soon as the Reserve Royalty take-over was finalized. PWI now in a range of $8.60-$8.70, and likely headed to $9.00-$9.50. It was there for the picking. A person simply had to have the courage of his convictions. I bought some but I'm kicking myself for being cowardly and not buying a whole lot more. Was an easy obvious 10-12% gain over 30 days. Damn.

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